ERIC Number: EJ832544
Record Type: Journal
Publication Date: 2009-Feb-27
Reference Count: 0
Do Frills Have a Future?
Selingo, Jeffrey J.
Chronicle of Higher Education, v55 n25 pA17 Feb 2009
As the nation's economy began to sputter early last year, two areas proved resilient to the cutback in Americans' spending: luxury goods and college degrees. By the end of 2008, however, luxury stores had recorded the greatest decline in sales of any retail-chain category. Optimistic college presidents believe they will be spared a drastic enrollment decline next fall, but some feel that the current economic downturn may force a significant number of private and public colleges to reduce their campuses to little more than their core missions. In three national public-opinion polls conducted by "The Chronicle" in recent years, respondents consistently said that the quality of a higher education was better at a more-expensive private institution than at a public one. But economists are saying this recession is different, and it is possible students and parents may begin to look beyond price for measures of quality, such as that being considered by the Pennsylvania State Board of Education to create a new kind of accelerated, year-round college to offer a lower-cost bachelor's degree.
Descriptors: Educational Quality, Economic Change, Institutional Survival, Change Strategies, Educational Change, Paying for College, Financial Problems
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: firstname.lastname@example.org; Web site: http://chronicle.com/
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: N/A